Stanford donated more than $2.3 million to lawmakers' campaigns and spent more than $5 million in lobbying efforts while allegedly carrying out the fraud. He has denied the charges [JURIST report] against him and was originally set to be released on $500,000 bail until prosecutors successfully appealed the decision. Through three of his investment companies, Stanford allegedly violated the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940 [texts]. In January, a federal judge declared Stanford incompetent to stand trial [JURIST report] in connection with a $7 billion fraud scheme. Judge David Hittner of the US District Court for the Southern District of Texas, who postponed the trial [JURIST report] earlier in the month, ordered Stanford to enter detoxification for an addiction to anti-anxiety and anti-depression medications prescribed to him by prison physicians that has rendered him unable to meaningfully contribute to his defense. A new trial date has yet to be scheduled, though Hittner advised lawyers for both sides to prepare themselves to proceed.